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General Fund Transfers
<br />Net transfers involving the General Fund are approximately $7.1 million for FY 2025/26 and
<br />$6.4 million for FY 2026/27. Key transfers in include a transfer from the Retiree Medical Fund
<br />($1.0 million in FY 2025/26 and $1.1 million in FY 2026/27) to return the implied subsidy paid
<br />by the General Fund on retirees' medical premiums; a transfer from the Capital Reserve
<br />Fund for capital improvement projects ($1.0 million in FY 2025/26 and $2.0 million in FY
<br />2026/27); $0.7 million over two years from the Business Loan Repayment Fund for expected
<br />loan repayments from businesses for funds that were lent out to help businesses during
<br />COVID. At the end of FY 2026/27, the Capital Reserve Fund balance is projected at only
<br />about $500,000.
<br />Key transfers out from the General Fund include operating subsidies to the Facilities
<br />Renovation Fund, Paratransit Fund, Storm Drain Fund, and the Cemetery Fund. There are
<br />also transfers from the General Fund to the Water and Sewer Funds to fund the senior and
<br />low-income water and sewer discounts. Under Proposition 218, one classification of water
<br />customers cannot subsidize another; therefore, if a city desires to provide senior and low-
<br />income discounts to its customers it must fund the discounts through the General Fund of
<br />the City. Finally, there is a transfer from the General Fund to the Capital Improvement Fund
<br />to fund the City's Capital Improvement Program (CIP) and aging infrastructure. The General
<br />Fund transfer to the Capital Improvement Fund is $6.2 million in FY 2025/26 and $8.8
<br />million in FY 2026/27 to address capital project funding requirements and deferred
<br />maintenance.
<br />Table 8: List of General Fund Transfers
<br />$25,000
<br />$25,000
<br />$25,000
<br />$25,000
<br />$845,000
<br />$865,000
<br />$1,012,000
<br />$1,119,000
<br />$531,780
<br />$531,780
<br />-
<br />-
<br />$2,000,000
<br />$3,080,000
<br />$1,000,000
<br />$2,000,000
<br />$350,000
<br />$350,000
<br />$350,000
<br />$350,000
<br />$63
<br />-
<br />-
<br />-
<br />-
<br />$1,365
<br />-
<br />-
<br />($2,000,000) ($3,471,578) ($6,221,000) ($8,791,000)
<br />($316,444)
<br />($250,000)
<br />($315,000)
<br />($315,000)
<br />($110,189)
<br />($110,000)
<br />($110,000)
<br />($110,000)
<br />($1,400,000)
<br />-
<br />($2,000,000)
<br />-
<br />($81,396)
<br />($50,000)
<br />($50,000)
<br />($50,000)
<br />($1,425,000)
<br />($625,000)
<br />($625,000)
<br />($625,000)
<br />($50,000)
<br />($50,000)
<br />($170,000)
<br />($50,000)
<br />($190,628)
<br />-
<br />-
<br />-
<br />($3,100)
<br />-
<br />-
<br />-
<br />($83,527)
<br />-
<br />-
<br />-
<br />($2,000,000)
<br />-
<br />-
<br />-
<br />($1,500,000)
<br />-
<br />-
<br />-
<br />($1,000,000)
<br />-
<br />-
<br />-
<br />($500,000)
<br />-
<br />-
<br />-
<br />($500,000)
<br />-
<br />-
<br />-
<br />($200,000)
<br />-
<br />-
<br />-
<br />($7,608,441)
<br />$296,567
<br />($7,104,000)
<br />($6,447,000)
<br />35
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